Plus500 (LON:PLUS) Sets New 12-Month High – Time to Buy?

Plus500 Ltd. (LON:PLUS) shares reached a new 52-week high on Monday . The stock traded as high as GBX 3,768 and last traded at GBX 3,762, with a volume of 282504 shares traded. The stock had previously closed at GBX 3,606.98.

Wall Street Analysts Forecast Growth

Separately, Liberum Capital reiterated a “buy” rating and issued a GBX 3,750 price objective on shares of Plus500 in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,304.67.

Plus500 Stock Performance

The firm’s 50-day moving average price is GBX 3,343.81 and its two-hundred day moving average price is GBX 3,255.09. The firm has a market cap of £2.68 billion, a PE ratio of 10.59, a P/E/G ratio of 0.24 and a beta of 0.20.

Plus500 Company Profile

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.